- DoubleLine Capital's Jeffrey Gundlach says investors should focus on preserving capital and avoid corporate bonds and Treasuries as inflationary pressures build, Reuters reports.
- Even as the U.S. stock market slides, investors haven't been snapping up Treasuries.
- “There’s no bond rally,” he told Reuters. "Obviously, it is not a deflationary bear market, otherwise you would have a bond rally.”
- Specifically, Gundlach advises staying away from investment-grade bonds, due to the large proportion in triple-B status--the lower rungs of the investment-grade ratings scale.
- He calls bitcoin "the embodiment of the fringe of speculative instinct."
- Previously: Gundlach talks economy and markets (Nov. 13)
- ETFs: LQD, CORP, CSI, CRED-OLD, QLTA, FCOR, CBND, VTC, IBD, IGIH, IGEB, MLQD, WFIG, CWAI, FLDR, IBDS
- Crypto tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, BTC-USD, ETH-USD, XRP-USD, BCH-USD
- Now read: BTL Group: A Blockchain Stock That Has Potential
Original article